Is Gainesville, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Gainesville has remained a Seller's Market.
Housing Prices in Gainesville, FL
How much do homes in Gainesville, FL cost?
Median Sold Price
$307,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Gainesville was $307,000 in March 2024, up 24.8% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.2K | $126K | +6.6% |
2 Bedrooms | $178.8K | $185K | +3.4% |
3 Bedrooms | $276.6K | $310.8K | +12.4% |
4 Bedrooms | $380.7K | $426.5K | +12.0% |
5+ Bedrooms | $552.5K | $565K | +2.3% |
Summary: Gainesville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
Gainesville | $245.9K | $307K | +24.8% |
High Springs-Alachua | $329.9K | $329.7K | -0.1% |
Alachua | $339.5K | $337K | -0.7% |
Housing Supply in Gainesville, FL
How many homes are available in Gainesville, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
926 | 1,005 | +8.5% |
Summary: The Gainesville real estate market had 1,005 homes for sale in March 2024, a 8.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 34 | 42 | +23.5% |
2 Bedrooms | 206 | 227 | +10.2% |
3 Bedrooms | 360 | 389 | +8.1% |
4 Bedrooms | 243 | 271 | +11.5% |
5+ Bedrooms | 83 | 76 | -8.4% |
Summary: The Gainesville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes decreased by 8.4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
170 | 173 | +1.8% |
Asking Price vs. Sold Price
123 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 173 homes were sold or pending in Gainesville in March 2024, up by 1.8% month-over-month. Of the 173 sold homes, 71% were sold under asking, 17% were sold at asking, and 12% were sold over asking.
Days on Market for Gainesville, FL
How long does it take to sell a home in Gainesville, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 49 Days | +19.3% |
Summary: Homes in Gainesville had an average of 49 days on market in Mar 2024, up by 19.3% compared to last year.
Breakdown of Home Sale Times
104 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Summary: During March 2024, 173 homes were sold in Gainesville; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.